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XE Market Analysis: Asia - Sep 26, 2019

By: XE Market Analysis

The Dollar came under some broad pressure early in the session, following the release of the whistle blower report and ahead of the testimony of acting DNI Maguire at the House Intelligence Committee. The risk-sensitive USD-JPY slid to session lows of 107.43 from 107.70 into the 8:30 EDT round of data, while EUR-USD rallied to 1.0967, from 1.0925 at the N.Y. Read more

XE Market Analysis: North America - Sep 26, 2019

By: XE Market Analysis

The dollar printed fresh highs against the euro and sterling, though remained below yesterday's highs against the yen and Canadian and Australian dollars, among other currencies. EUR-USD printed a 28-month low at 1.0922, reaffirming a the long-germ bear trend the pairing has been in since early 2018. Read more

XE Market Analysis: Europe - Sep 26, 2019

By: XE Market Analysis

The dollar has given some of the gains seen yesterday, tracking the U.S. 10-year Treasury yield, which has deflated by a few basis points after rising notably yesterday. The narrow trade-weighted USD index (DXY) has ebbed back to around 98.95, off from yesterday's two-week peak at 99.05. Read more

XE Market Analysis: Asia - Sep 25, 2019

By: XE Market Analysis

The Dollar perked up in N.Y. trade on Wednesday, helped by better U.S. housing data, and the apparent lack of a smoking gun in Trump's Ukraine transcripts. The DXY topped at two-week highs of 99.06, coming from early lows of 98.71. Wall Street rallied as well following Trump comments that a trade deal with China could come sooner than you think. Read more

XE Market Analysis: North America - Sep 25, 2019

By: XE Market Analysis

The dollar has traded higher since the New York interbank close yesterday, recouping losses seen in the immediate wake of the impeachment news in the U.S. yesterday. EUR-USD has settled back near 1.1000 after failing to sustain gains to 1.1024, which was seen in the immediate wake of the news that the Democrats initiated an impeachment inquiry against President Trump. Read more

XE Market Analysis: Europe - Sep 25, 2019

By: XE Market Analysis

The dollar recouped losses seen yesterday in the immediate wake of news that the Democrats were commencing a formal impeachment inquiry against President Trump. The news, coupled with disappointing September consumer confidence data out of the U.S. and the harshly criticism of Trump on China's trade practices at the UN, saw S&P 500 futures close yesterday with a worst-in-a-month 0.84% decline. Read more

XE Market Analysis: Asia - Sep 24, 2019

By: XE Market Analysis

The Dollar headed lower in N.Y. on Tuesday, with losses coming on reports that the House Democrats are moving forward with impeachment proceedings against president Trump, based on reports that the president may have pressured the Ukraine president to investigate former vice president Joe Biden and his family's business dealings. Read more

XE Market Analysis: Sterling Finds Joy After PM Johnson Tastes Defeat In Supreme Court

By: xemarketanalysis

OVERVIEW PM Boris Johnson and President Donald Trump are both facing unprecedented tests to their leadership. Spot gold steadies below 2-week high Crude oil slides lower due to fear of slowing global demand HIGHLIGHT The British Pound is trading firmer, jumping 60 pips after the UK Supreme Court ruled the prorogation as “unlawful”. Read more

XE Market Analysis: North America - Sep 24, 2019

By: XE Market Analysis

The dollar has traded mixed, losing ground to the pound, which rallied into (not after) the UK's Supreme Court's decision to rule that the Boris Johnson's government's suspension of Parliament was unlawful, and the Australian dollar, which found demand via the AUD-JPY cross as equity markets in Europe rallied. Read more

XE Market Analysis: Europe - Sep 24, 2019

By: XE Market Analysis

Narrow ranges have been prevailing among the main currencies so far today. EUR-USD has been maintaining less than a 15 pip range just under 1.1000 and above yesterday's 12-day low at 1.0966. Cable has been in a similarly narrow range under 1.2450. The UK's Supreme Court will rule on the government's appeal of the illegal verdict reached by Scotland's highest court regarding its five-week suspension of Parliament. Read more

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